Edition:
India

Meggitt PLC (MGGT.L)

MGGT.L on London Stock Exchange

568.20GBp
21 Sep 2018
Change (% chg)

4.60 (+0.82%)
Prev Close
563.60
Open
563.80
Day's High
570.00
Day's Low
562.40
Volume
3,519,661
Avg. Vol
2,163,221
52-wk High
583.80
52-wk Low
415.50

Latest Key Developments (Source: Significant Developments)

Meggitt Signs Multi-Million Dollar Sub-Systems Contract For MA700 With XAC
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Meggitt PLC ::MEGGITT SUB-SYSTEMS CONTRACT FOR MA700 WITH XAC.CO, XAC SIGNED A MULTI-MILLION DOLLAR SUB-SYSTEMS CONTRACT ACROSS LIFE OF MA700 AIRCRAFT PROGRAMME.  Full Article

Meggitt Wins $21 Mln Fuel Cell Contract For UH-60 Black Hawk Programme
Monday, 16 Jul 2018 

July 16 (Reuters) - Meggitt PLC ::MEGGITT PLC - FUEL CELL CONTRACT FOR UH-60 BLACK HAWK PROGRAMME.MEGGITT PLC - AWARDED FIVE YEAR FUEL CELL CONTRACT FOR UH-60 BLACK HAWK PROGRAMME.MEGGITT PLC - CONTRACT FOR $21MLN.  Full Article

Meggitt To Dispose Precision Micro Business For 22.5 Mln Stg In Cash
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Meggitt PLC ::DISPOSAL OF PRECISION MICRO.HAS SOLD PRECISION MICRO, SPECIALISTS IN PRODUCTION PHOTO ETCHING FOR AUTOMOTIVE AND MEDICAL SECTORS, TO LDC, PRIVATE EQUITY ARM OF LLOYDS BANKING GROUP FOR £22.5 MILLION IN CASH.DURING YEAR TO 31 DECEMBER 2017, PRECISION MICRO GENERATED £15 MILLION REVENUE.  Full Article

Meggitt PLC Says Sale Of Its Thomson Aerospace And Defense Subsidiary Has Completed
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Meggitt Plc ::MEGGITT PLC - DIVESTMENT OF THOMSON.MEGGITT PLC - DIVESTMENT OF THOMSON.MEGGITT PLC - ANNOUNCES SALE OF ITS THOMSON AEROSPACE AND DEFENSE SUBSIDIARY TO UMBRA CUSCINETTI S.P.A., HAS COMPLETED..  Full Article

Meggitt Expects To Have Further Discussions With Dassault Aviation In Coming Weeks
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - MEGGITT PLC ::NOTES ANNOUNCEMENT BY DASSAULT AVIATION OF CANCELLATION OF FALCON 5X PROGRAMME AND LAUNCH OF A NEW FALCON PROGRAMME.DASSAULT HAS INDICATED THAT IT EXPECTS TO RE-USE A MAXIMUM OF WORK UNDERTAKEN TO DATE ON FALCON 5X.DASSAULT INTENDS TO WORK WITH MEGGITT ON SUCCESSOR FALCON PROGRAMME.EXPECTS TO HAVE FURTHER DISCUSSIONS WITH DASSAULT AVIATION IN COMING WEEKS.HAS GOOD CONTENT ON PRATT & WHITNEY PW800 ENGINE ANTICIPATED TO BE USED IN SUCCESSOR AIRCRAFT.REMAINS POSSIBLE THAT CANCELLATION COULD LEAD TO A NON-CASH IMPAIRMENT OF SOME OR ALL OF CAPITALISED WORK UNDERTAKEN TO DATE.CURRENTLY HAS £50 MILLION OF ASSETS RELATING SPECIFICALLY TO 5X PROGRAMME.HAS £11 MILLION OF ASSETS RELATING TO SILVERCREST ENGINE ON ITS BALANCE SHEET.  Full Article

Meggitt ‍says Q3 revenue growth for group was flat on an organic basis​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Meggitt Plc :‍Q3 REVENUE GROWTH FOR GROUP WAS FLAT ON AN ORGANIC BASIS​.‍ON A REPORTED BASIS, Q3 REVENUE DECLINED 2%, INCLUDING EFFECTS OF M&A AND FOREIGN EXCHANGE​.‍REMAINS ON TRACK TO MEET FULL YEAR GUIDANCE​.  Full Article

Meggitt says CEO Stephen Young to retire at end of April
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Meggitt Plc ::‍STEPHEN YOUNG, CHIEF EXECUTIVE, HAS ADVISED GROUP OF HIS INTENTION TO RETIRE AT END OF APRIL 2018​.‍YOUNG WILL BE SUCCEEDED AS CHIEF EXECUTIVE BY TONY WOOD ON 1 JANUARY 2018.  Full Article

UPDATE 1-Meggitt boosted by strong aerospace demand, sees composite unit improving

LONDON, Aug 7 Meggitt is on track to meet upgraded guidance after seeing strong demand for its wheels, brakes and other aerospace parts, the British engineering firm said on Tuesday, adding its composite business was also showing signs of improvement.